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Posts Tagged ‘Job Loss’

Published on May 21, 2012 by

Learn more: http://www.romneyeconomics.com
With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.

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Job Loss Chart: What 3.6 Million Jobs Lost Over 13 Months Looks Like

The Huffington Post |   February 6, 2009 06:51 PM

Some notable graphs were released on Friday while analysts and members of Congress waited for a compromise to be reached in the Senate on the stimulus package.

Speaker Nancy Pelosi’s office released the chart below highlighting the sharp spike in job losses around the country.

This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession — showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.
By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

MORE HERE

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